Australia just had an election over the weekend 21 August 2010.
The results are neck and neck between the Labour and Coalition parties. A hung parliament has not occurred in this country since 1940. There is sentiment in the news that this uncertainty will cause a sell off in the markets and the Australian Dollar.
This is good news for people who have shorted before the weekend.
I am hoping to maximise the number of pips next week and hope to close my AUD/USD position before the election results are announced.
No comments:
Post a Comment